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Am I the only one that is thinking this? Crypto Ecosystem as an Evolution!
First, it all started with Bitcoin where people got the opportunity to buy at a very low price and now we all know where we are at on Bitcoin
Then, Ethereum came in during the Covid with Forsage and other activities which made a lot of people millionaires by doing simple tasks and referring.
Then, Memecoins, AI and Altcoins became a thing, especially with those that have a use case
Now, what is trending is Airdrops. Many projects under the Solana ecosystem, STREAK, ICE and Even PORTAL making a lot of people money. Some of which have been listed on Binance or Bitget and any other cex like Portal did today and I think when these happens, that's when the prices skyrocks.
You know, looking at all these I never knew that there will be a time for Airdrops paying people real big. Is true that Impossible things happen here, but Airdrops? Never thought of that
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all the coins you mentioned honestly i think are not good enough, i've been observing heavily on altcoin that are new these days and this time around its all dominated by coin that are being backed by massive ventures.
like for example is JUP, MAVIA, TIA and so on. these coins you mentioned are having really low trading volume. I don't think they are good enough in this regard.
rule of thumb for me in determining a good coin is that they are being listed on popular exchange the first minute they went public or releases their token.
that already determine that the project itself have good fundamental since they are more likely already being reviewed by some good team that consisted of experienced analyst coming from big exchanges from their department of investment.
i wouldn't trust any coin that don't instantly get listed in exchange these days unless im gonna be speculating around here.
Listed, yes, like Mavia you mentioned went live on bitget and some other good cex even STRX. Also, we need to check their trading volume, that way, we can know how much people put interest in these projects. The activeness of the community should be put into consideration and projects they're backed up to |
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From my experience of those exchange tokens, many of them have good performance in the market but on a low-key format and that is their price never increases so much like other tokens, except for those that are used by the exchange chain, like Binance smart chain where bnb is used as a liquidity token on the exchange.
That way, the coin is always at a good performance and in high demand since traders will be using the coin within the exchange ecosystem which becomes a great support that pushes the coin demand upward or does not allow the value to depreciate some much without possible recovery like other in it category.
So sure exchange tokens are a good point of investment most especially those that are used as liquidity coins on the exchange
No wonder why the Former rose more than the rest. It has a burning mechanism and from my research so far, I think they have their chain just as Binance |
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coins from official exchangers usually the price increase will not be too high. except for only BNB official coins from the binance exchanger. other coins from official exchangers the price movement or price increase is not too high. and there are few exchanger markets that support it except BNB.
I could say you might be right. From what I notice on the BGB token, it kept breaking ATH since Nov. Last year, I checked through their history and saw that the coin is really doing well. I think we should give other cex token time. They will do well in the long run |
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Last month, I came across this YouTuber video that was talking about Exchange tokens that will likely do well in the long run. The YouTuber also mentioned why he will sell his BNB. You know, because of the hot seat Binance was, causing the token price to retrace. Maybe he did mention that to able to sell before the fall and then re-buy when the price retraces to the level he thinks BNB will get to He made mention of BGB, OKX, CRO Here is the link. ( https://youtu.be/XOcjKlBPEm0?si=1RvIFUouCKn1NvmI) The video wasn't only about Exchange tokens, he also talked about other projects. Maybe in your leisure time, you can watch the video to get some insight from him NB: I'm not promoting any Influencer or YouTuber. Isn't a must you will believe what he said and don't take everything he said as financial advice. Always do your research!!So, he made mention of some exchange tokens that would probably do well in the long run. His style of insight in most of his videos is like that of CoinBureau. 1. BGB 2. OKB 3. CRO, and many more If you want to check out this yourself, the time stamp is from 4:05Now the reason I brought this here is because, among these tokens mentioned, only BGB surged to an ATH. Normally I am not the type that does in-depth research on Exchange tokens because I believe that if the exchange is doing better so will the token. But this hit differently when I went over to CMC to check their market cap. You know, I was curious why others didn't surge and that's when it hit on me, not because you're using an exchange token you think they will do well, You need to ask yourself. 1. What are their UseCase? 2. How many tokens are in supply and how many Total tokens are left? 3. How useful is their token in their exchange? 4. Do people trade it? Does this token have a high volume? Maybe that's why this BGB did better than others. Checking this information on CMC and the token indeed passed the checkmark. I don't know how many people who do check this, but I think it's time to get every possible info about a token before investing in it so you wouldn't end up having your token stagnant when others are surging |
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(...)
Which exchange tokens are you most excited about for the 2024 bull run?
I don't think we will experience an "Exchange token narrative" this time but if yes, I am looking forward to KCS. We all know Kucoin started, Kucoin has already been here for a long time and we have seen how they improved, it's just like it are underdog but with quality. After most exchanges issue, people will start to find trusted one and for me Kucoin is one of them. Kucoin was my favorite but lately users there have problem with withdrawing and balance locked out of nowhere, and they are waiting for weeks without answer from support. You can see on their subreddit. They become shady as like they will collapse. Sad as it is my favorite exchange and their new trading bot is so good That's what worries me sometimes. I stopped using Kucoin a long time ago. I didn't have a good experience with their customer care. Back then, my assets went MIA in their wallet. I reported to Customer care and didn't get any tangible response. So, had to leave it and accept my loss.. But I tell you, there are still good cex that take their users seriously. There's Binance and then Bitget; which I frequently talk about in most of my discussion. Coinbase is okay too and the fact their native tokens are all doing well is what impressess. Even, I can't believe BGB got to $1 from the last price I saw it, BNB is also picking up too.. This shows that these Cex are doing well.Cause nobody would like to invest in something that doesn't give them value. Take heart but you've got to move on to a better cex that will serve you better. |
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I found these to be an interesting read, considering the title. Like many other crypto Investors, who've used both exchanges highlighted here, I can agree that Binance is one exchange that many other exchanges look up to. I couldn't have agreed putting Bitget side by side Binance but your description of the formers as an upcoming yet doing well enough to gain investor's trust and coining it "Binance reborn" makes it more convincing. I read Bitget has been steadily growing their their User protection fund which currently stands at US$442 million and steadily going towards Binance's Secure asset fund seems like an exchange with some giant strides. However, with your submission, will you still day nowhere is Safe? Dx
With all the information about bitget and binance, it seems that both of them show very interesting potential in the crypto world. It's just that sometimes we forget about the actual developments, but let them decide (investors). Yup they do. From other cex experience I had, I can say this both have been one of the best and is good that they're keeping up with the standard out there |
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I found these to be an interesting read, considering the title. Like many other crypto Investors, who've used both exchanges highlighted here, I can agree that Binance is one exchange that many other exchanges look up to. I couldn't have agreed putting Bitget side by side Binance but your description of the formers as an upcoming yet doing well enough to gain investor's trust and coining it "Binance reborn" makes it more convincing. I read Bitget has been steadily growing their their User protection fund which currently stands at US$442 million and steadily going towards Binance's Secure asset fund seems like an exchange with some giant strides. However, with your submission, will you still day nowhere is Safe? Dx
Glad you find it interesting and helpful and yes, the exchange is steadily updating their users protection fund. You can easily locate it in their app |
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I think everyone will do anything to get income. Airdrops are a way to earn money easily and without any risk at all. Who doesn't want to get money for free. I think the airdrops hosted by exchanges require them to transact a few dollars to get started. And that doesn't stoping people from jumping in, especially if it's free.
But I don't agree with you that people like to stay away from trading. I think there are far more traders, we can see from the daily trading volume. If many people are afraid to trade, I think it is impossible for trading volume to continue to increase. It may be true that some people are afraid and doing withdraw, but most return to continue fighting in the market. Moreover, currently the market trend is very good, everyone is certainly taking the opportunity. Maybe some people with thin wallets also have to look for capital to enter the market. But maybe it's just a few percent of traders.
Yes, I think so too. I'm now understanding what others meant by trying out other things. What I was thinking was different from what I researched. In fact I see it now as a good idea in what most of this Cex do.. Some of them just require you to deposit to get some points, do some other task and you're good go. While some require you to trade. The good thing about these is, even as you trade you earn your profit and also the commission that will be given to you during the events. I really learnt a lot... |
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These people are probably aware that there is high risk of losing from trading. They don't have the courage to trade knowing they failed to acquire the necessary knowledge and experience that trading needs.
Trading is a profitable activity and a lot of successful traders have been living their success already. For those who don't trade, aside from lack of knowledge and experience, it might be that they are still not ready to lose so they try to avoid trading as much as possible.
But do we know there's a high risk of getting our wallets or exchanges compromised when going for free airdrop. Like clicking links that are phishing, not knowing these, could drop some dangerous malware in our system that's ready to attack us when ever we login into our wallet. I think this should be noted too Crypto is just a jungle that has a lot of risk regardless I tend to agree with the line that I highlighted above. It's full of risk everywhere in crypto, so it has a great advantage for those people who are knowledgeable enough on this field which we know as a battleground of us. Don't use a non-reputable exchange in the first place if you join airdrop because IMO, airdrop now isn't worth it and most of them are the root of scams. Trading isn't always a way of making a profit, sometimes there's frequently loss just to learn in trading. So they might be afraid because they aren't yet ready for trading. Yup, the "don't use non-reputable exchange" is a great input you got there. I have stressed enough that researching on exchange to use is very paramount. The good we can do ourselves is to research these exchanges before using them. |
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These people are probably aware that there is high risk of losing from trading. They don't have the courage to trade knowing they failed to acquire the necessary knowledge and experience that trading needs.
Trading is a profitable activity and a lot of successful traders have been living their success already. For those who don't trade, aside from lack of knowledge and experience, it might be that they are still not ready to lose so they try to avoid trading as much as possible.
But do we know there's a high risk of getting our wallets or exchanges compromised when going for free airdrop. Like clicking links that are phishing, not knowing these, could drop some dangerous malware in our system that's ready to attack us when ever we login into our wallet. I think this should be noted too Crypto is just a jungle that has a lot of risk regardless |
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Lately, I have noticed in most crypto groups I'm in, many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not.
Maybe yes. You don't have to face your fear if there are some other alternative routes that you can go. And with those people that are going with airdrops and bounties, that's what they've chosen as a path to go on. Everyone can choose their own ways in earning on this market. If you are good in trading then choose to trade and do other things as well. But if you don't want to trade then choose the other limits that you can do. It becomes an advantage when you want to trade and that's why it's a good choice to go on to with other ways that you're free to do too. Making sense, I'm still making more research on all these other activities yea because I know vividly there are some task or bounties that requires you to trade in other to gain from it. I think maybe there's a higher chance of making more profit in it. Same goes to Airdrop, there are some airdrop task you did have to pay a good amount of money to higher percentage when the token gets launched. Is kind of complicated |
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The reason why you don’t see many people venturing into trading most especially the future trading is the fact that it actually needs two things. One is the substantial knowledge on technical analysis and fundamental analysis, and the other is capital. Trading is regarded as gambling by some and for you to earn from it you have to have your own capital to start off. Just like you said many of those people that venture into hunting for airdrops are those that do not have the capital or aren’t even ready to risk there funds into it, so they result in just invest alone
But most of these events or airdrops do require some trading experience and capital Or is it because these activities most times give the benefit of each member working as a team or something. You know, I haven't researched through this to know why people do this more as a curious person I'm. I think that's what I do before today ends |
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The other one is Bitget; This exchange is upcoming and is really doing well when it comes to security.
I don't know what your experiences are with that exchange that warranted you giving it a thumbs up. In my books, there's a lot that I don't find funny there. Though I haven't been using it for a long time, I discovered that tokens which aren't listed in the coin market can find their way to that exchange. Yeah, those tokens may not be tradable but for the fact that they're enabled on that exchange leaves little to be desired. There's a particular token alleged to be a scam, it's an ongoing mining token that is allowed to be added there with a Contract Address. The only thing the exchange has done is to give out a "Suspicious Scam Token" warning if anyone tries to add or trade it. I thought as a Cex, tokens don't get added on the exchange if they haven't passed scrutiny. One can understand that if it were a Dex. I can't really relate to all these you mentioned. I'd like to know more about what you've experienced with the cex because I'm always using it same with Binance and I can tell you, I haven't come across all these you said |
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Lately, I have noticed in most crypto groups I'm in, many crypto enthusiasts are increasingly participating in airdrops and crypto events organized by exchanges or project developers to earn USDT or tokens. Is it because these "people" are afraid to trade or they do not believe they can make money from trading? Don't get me wrong, I understand that this can also generate passive income, but what I'm curious about is whether these activities truly yield significant profits or not. EditSo, like I said earlier I'll do some research about this and I realised that most of you are right. I just discovered that there are many ways people make money out of events, I wasn't too diverse at first before I posted earlier but now I understand. Judging from these two links the first one is still ongoing while the second one finished last year. So it seems there are different ways to get money in a simple term and be safe with your assets not necessarily mean you must trade especially if you're using a cex https://medium.com/@fortunedivine04/spin-win-on-bitget-your-ticket-to-exciting-rewards-46b72a605d75https://www.bybit.com/en/promo/events/earn-carnival |
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now, i think manipulated or attracted to something, feeling persuaded by others is normal. Some unscrupulous people can use social networks to spread, manipulate and advise unrealistic things, easily being taken advantage of to make mistakes and mistakes. To limit that, I think it is important that you equip yourself with knowledge, research, and reflection before doing anything. If you are told sensitive issues, know how to refuse. Some projects have taken advantage of this so that they communicate with their power of influence and keep other things behind the wall - it seems to be problems related to the scam project.
Guess you're getting the point now. When a project promises a lot, the moment we need to recheck why the so many promises. There are things we need to work with our instincts for sure with |
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-snip-
1. Check their community: check if their community is active with real humans, not bots
2. How many followers they got
3. How often do they post on social media
4. How many exchanges got them been listed? The two qualified exchanges I check, which I have mentioned frequently are Binance and Bitget. Thank you for this, but I must say that they can guide us but are not the sure ways to avoid being the victim of rug pull. The surest way is to avoid being greedy, wait for the listing of a good project and know the brains behind it as it is in some. Rug pull is happening regularly in cryptocurrency and outside it and it is mostly because the projects in question are either scams from the beginning or the developers and the brains behind it just decided to be greedy at a point. It could be a failed project in some cases too. But what is important is for us to ensure that we are not too forward due to FOMO. However, this advice could one one-sided too as some people have been greedy and too rushed to buy some projects and they are now millionaires due to that. Without risk, no one can be outstanding, so let's keep on taking risks but just be wise with it. Now! This is another good point that people should keep in mind. Greed has made so many people lose money in both ways in the crypto world. More also, I didn't mean that is all new project we should dive into. I just don't know how to place it so it will be more understatable |
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I know these didn't work with two major projects FTX and LUNA which were rugpulled and people lost huge amount but what OP is trying to do is atleast listing out certain check we need to do in order to avoid falling for other such process, because if you randomly check any new projects which are getting launched everyday they will lacks the features or we can judge them by using the methods OP has mentioned but there are few projects like FTX and LUNA wherein everything will be 10 out of 10 but still, they would cheat the users and this is something we cannot help as no other verification method can give you 100% results or accuracy but at least we can avoid those scams which can identify.
Better to stick to established crypto coins.
Yes. I agree with you but do you know the good thing about this FTX and Luna fall? That it opened our eyes to be alert. You know when the thing about the developer and SEC were having some misunderstanding we didn't flinch about the issue. Now, it makes us wiser to know what is happening around each project we invest in and prepare for the worst |
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Trends do come and go they can easily lose their momentum snd gain it back just as fast I am guessing that because of bitcoin’s bullish tendencies a lot of trends are emerging and people are looking for different platforms to put their money in aside from bitcoin i am sure that this will not be the last trend to emerge in the next following months and we should always be in the look out the entire community seems to have a positive outlook right now  Yeah, that's actually what usually happens. But is just like Gamefi token just rose back from nowhere. Well, is good that they're coming back with different projects getting recognised |
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You know in every project there's something that causes a setback. Just like ETH. Its setback is the high fee rate but that of Solana is always blockchain or something similar. I know most of us have come across the latest news about blockchain being down for over 2 hours or there. My question is, do you think Sol is ready for the next phase with the same issue it faces over again? How can they tackle this because more projects seem to be interested in them but with this ongoing issue of theirs, how often can they keep up? You know, is not about loving a project but it's also about how long they withstand some circumstances that won't affect their chain. For those who haven't come across the news, you can read it here: https://cryptobriefing.com/solana-block-production-halts-validators-confirm-major-outage/ |
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